Banking

Circulation of old notes: CBN starts monitoring today and the bank has set a two-week target.

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March 24, 2023
The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide. The central bank had directed DMBs to pick old N1,000, N500 and N200 notes at its offices across the country for onward disbursements to customers…
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Banking

Wema Bank begins registration for technology competitions.

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March 24, 2023
Wema Bank Plc has opened application entries for the fourth edition of its tech talent discovery and nurturing project among university students tagged Hackaholics 4.0. Announcing the commencement of entries for Hackaholics 4.0 at a press conference on Tuesday in Lagos, the…
Energy

FG installed N3bn substation power in Kwara.

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March 17, 2023
The Federal Government has commenced steps to install $8m (about N3bn) 1x60MVA, 132/33KV transmission sub-station in Oro in the Irepodun Local Government Area of Kwara State. The project is expected to transform the lives of the people of Oro in particular and the entire local government area in general. Speaking while performing the ground-breaking ceremony of the project in Oro on Thursday, the…
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Energy

Ghana removes fuel subsidy

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March 15, 2023
The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy  is part of the country’s implemented regulatory measures to ensure stability across its downstream sector. The Chief Executive Officer of NPA, Abdul Hamid, said this during a presentation at the ongoing Africa Refiners and Distributers week 2023, in Cape Town, South…
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Agriculture

Ecobank, IITA supports 16,000 youths in agriculture

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March 15, 2023
Ecobank Nigeria Limited has stated that it has entered into a partnership with the International Institute of Tropical Agriculture to train and provide support services to 16,000 Nigerian youths on wealth creation through agriculture. The bank said in a statement that the…
Banking

Local experts are divided on the collapse of the US bank.

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March 15, 2023
Some experts have expressed different opinions about the impact of the collapse of the American bank, Silicon Valley Bank, on the Nigerian economy. Regulators closed SVB Financial Group and its subsidiary, Silicon Valley Bank, on Friday and seized its deposits in what is the…
Economy

Head of Afreximbank on economic growth

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March 15, 2023
The President and Chairman Board of Directors of African Export-Import Bank, Professor Benedict Oramah, will lead discussions on critical issues that will give further insights into the economic transformation of Africa at the 2023 Annual Lecture of The Chartered Institute of Bankers of Nigeria. Scheduled to hold on March 29, 2023, the theme of the lecture which will hold in Lagos is, “Unlocking…
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